It’s way worse than you think and way way worse than you want it to be.
Wealth Inequality in America
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It’s way worse than you think and way way worse than you want it to be.
Economic history books tend to be dry. Not so with Americana: A 400 Year History of American Capitalism. The author does a very good job of weaving threads of stories together to keep the narrative fast paced and interesting. The story spans from the Mayflower in the 1600s through the iPhone in 2007. I previously posted the Mayflower story, as I hadn’t before seen details on how the oft...
I’ve been writing about how the pandemic is a causing hunger crisis in the poorer countries. The Los Angeles Times published an article predicting that the pandemic-induced economic crisis in these countries could cause more loss of life than the virus. My fear is that the big institutions that have the means to mitigate these issues won’t do so until the death toll gets large. My...
There are a few aspects of venture capital whose origins are lost to history. One of these is the 20% stock option pool. Or more simply, the idea that everyone in the startup should own (at least a small amount of) the equity. Does this idea date all the way back to Rock and Davis, or did it come later? Why 20%? Why not 10% or 33% or 50%? Was this idea ever debated, or did one VC decades ago tout...
The story of the Pilgrims and the Mayflower taught to every American child in every American school is less than half of the actual story. Obviously there are a lot of day to day details left out, but the most striking of the omissions is the fact that the endeavor was a for-profit business. The corporate side of this story is told in the first chapter of Americana: A 400-Year History of American...
If 200,000 (on the way to 400,000) deaths from Covid-19 were not enough to worry about, there is the coming hunger crisis across at least half of the world caused by the lockdowns and economic collapse. I predicted this a month ago and have been talking almost daily with entrepreneurs in Africa with actual stories of the food system collapsing. The New York Times wrote about this crisis a few...
